TSX Takes Bruises Early Afternoon

Walmart reported Q2 net sales of $125.2B, up 3.5% YoY, driven by U.S. grocery strength and ecommerce growth. Comparable sales rose 2.6%, while ecommerce sales increased 24%. Sam’s Club saw comparable sales growth of 4.4%. Walmart raised its fiscal 2027 outlook, expecting net sales growth of 4-5% and adjusted EPS of $2.80-$2.87.

Walmart (WMT) shares fell 9.77% to $103.14 after Q2 earnings beat estimates, but U.S. comparable sales missed expectations. Concerns include one-time tariff refunds boosting margins and slowing consumer spending. Management raised full-year guidance, but the stock's high valuation leaves little room for error.

Walmart Inc. reported quarterly sales below expectations, with U.S. same-store sales growth at 2.6%, the slowest in over six years. Shares fell 7.4% post-results. The company cited pricing pressure in its pharmacy business due to federal drug price negotiations. Despite challenges, Walmart raised its full-year guidance and expects tariff refunds to help lower prices.

Walmart raised its fiscal year guidance, using $2.9B in refunded import duties to lower prices. U.S. comparable sales grew 2.6%, driven by online sales, while in-store sales fell 2.5%.

Walmart's (WMT) stock fell 7% after reporting U.S. sales growth of 2.6%, below expectations, and a weaker near-term profit outlook. Analysts from Jefferies, RBC, UBS, and Evercore ISI maintained positive ratings, citing growth in e-commerce, advertising, and membership. The decline pushed shares below their year-start level, reflecting investor concerns over margins and valuation.

Walmart reported Q2 2027 revenue of $187.9B (+5.9% YoY) and net income of $6.37B (-$660M YoY). U.S. comp sales rose 2.6% (ex-fuel), below expectations, but e-commerce grew 24% and Walmart Connect grew 43%. The company raised its full-year outlook, expecting 4-5% sales growth and $2.80-$2.87 EPS, citing tariff refunds. Shares fell 8% on slowing growth.